raysonet

"OAS and CPP are not sent out of the country by the Canadian Government"

Actually one can receive these payments while in another country. For example, Canadians who live in the USA receive their payments as a norm.

One can learn more here..... (http://www.servicecanada.gc.ca/eng/services/pensions/international/payments-outside.shtml). Thailand is listed as a country to which these payments can be directly deposited.

Canada has tax treaties with many nations and I believe Thailand is one.

Further, I am a dual cdn/us citizen living in Canada who is receiving US Soc Security retirement payments (direct deposit into my CDN account). No US tax is deducted from these payments per the tax treaty between USA and Canada. The US social security payments become CDN income which is then taxed at CDN rates. The tax treaty between Canada and Thailand would be good to know more about.

Finally, with tax treaties comes an exchange of information between the different government tax entities. The recent worldwide focus on proper reporting of bank accounts (FBARS for example),IGA's (inter governmental agreements) should encourage all to be forthright in the management of accounts as sooner or later "they" will know if you are practicing due diligence. Also, Canadian Border Services now track entry and exit dates of all those entering and exiting Canada. All countries are hunting tax evaders.

PS: I was engaged to a wonderful Thai lady who didn't want to get married due to her apprehension about coming under the scrutiny of the CRA which taxes on world wide income. She was worried that the Thai government would discover information from the CDN CRA via tax treaty.

PPS: The days of "gaming the system" are over so learn .. learn... learn .. and do it well and do it right.

I think that there is more information sharing than was stated in the previous post.. it is important one consults with someone who knows the facts ... the penalties are severe if one is not "compliant"..

http://nesaranews.blogspot.ca/2012/09/if-you-owe-irs-homeland-security-may.html

http://www.canada.com/story.html?id=75c1f0e6-ac6a-4533-b2e1-9dc4aaf00eda

I live in Thailand, so I don't pay taxes in the US. This is due to the " Convention ......etc"

while it is true you may not "pay" taxes to the US, you still are required to "do" your taxes .. i.e. 1040 .. every year .. and ...you are "required" to submit all financial institution/account information related to amounts over $10,000. Yes, some countries have "tax treaties" to prevent "double taxation" but you still gotta "do" your US taxes. To contrast, if a Canadian lives in another country for a year .. and becomes a "non-resident" of Canada, then the Canadian does not have to "do" Canadian taxes. This makes sense but US scenario does not.

This is not anything new and has/is used to fight organized crime figures. Normally they do not declare there funds and that is used to get them. This year the reporting has become more detailed with each account required to be listed and a new form is in use. This will be computer read I am sure and unless you are under investigation for something else, or have millions, will probably just join that huge dust bin database until/if your name comes up on the radar. You can download the form and fill out in a few minutes. Keep the mailing receipt with your tax paperwork.

Yep, this requirement has been around for years. US taxpayer has to list all financial institutions and accounts if the total of all accounts is valued at more than $10,000 (each account and amount every year). Also, US citizens have to do US taxes every year even if one has never actually lived in the US. The US is like no other place on earth. I'd expect a lot more attention by the IRS now that they need all the tax dollars they can get ....you know, with the huge and growing deficit. One day the IRS and US immigration will share databases and you will get busted when you go home for a visit if you haven't fulfilled your citizen obligations.....

OH .. if you want to relinquish your US citizenship the IRS will "value" your estate and tax you on that ...

time for a positive post!!

some thai women prefer western men because of their stereotypical beliefs ...farangs are loyal and physically warm ...asian men aren't interested in "warmth" in their relationships and often distance themselves from their wives when they are older. My fiance smiles happily when she sees "old farang couples" walking hand in hand and caring for each other (ie in canada). The notion of "growing old together" has immense value to her. She views thai men, (generally) as disloyal and unproductive and so has elected to "exclude" them. She believes a farang has better potential as a partner.

when i visit her in LOS i am her "guest" ... she feeds me, drives me around etc .. and resists offers to pay..She believes she has a duty to take care of me as she would with anyone who visits her.... clearly a strong sense of hospitality.

i have read the negative numerous posts about thai women and would offer the view that some?most? thai women are women of integrity with loyalty and devotion as a foundation. During my time there .. albeit only one month ...all thai people (not just women) I encountered were gracious, welcoming and strongly receptive to my gestures to relate and communicate (don't speak thai), .. and, oh yes ....respect was omnipresent. I met not one person with a sour heart.... a far cry from my native Canada.

i am sad for those (thai and farang) who have not shared similar experiences and encourage those who are authentic in their purpose to remain open and positive. It is a blessing to feel and be included in thai culture, any culture, and for this I am honoured!!!

please excuse grammatical and spelling errors..